Suppose Mike Has Three Hours of Time to Spend So

question 51

Multiple Choice

Suppose Mike has three hours of time to spend so he ranks the following activities in order of priority: (1) see a movie, (2) attend a ball game, (3) study economics. Assume that each activity takes three hours. What is Mike's opportunity cost of seeing a movie?

• A) attending a ball game and studying economics
• B) studying economics
• C) attending a ball game
• D) either attending a ball game or studying economics

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Definitions:

Gratitude List

A gratitude list involves writing down things for which one is thankful, fostering a positive mindset and enhancing mental well-being by focusing on positive aspects of life.

Self-Actualization

A term referring to the realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Buddhist Term

Buddhist term encompasses the vocabulary related to Buddhism, its practices, philosophy, and doctrines, including concepts like karma, dharma, and nirvana.